Mortgage credit availability was on the rise last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) rose by 1% to 95.0 in June; the index was benchmarked to 100 in March 2012. The...
Mortgage application activity dipped in the latest Mortgage Bankers Association (MBA) data tracking the week ending July 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, slipped by a scant 0.2% percent on a seasonally adjusted...
The Federal Housing Administration (FHA) has updated its 203(k) Rehabilitation Mortgage Insurance Program that provides financing for renovating or rehabilitating single-family homes. FHA offers two variations of the 203(k) program: the Standard 203(k) for substantial...
EMM Loans is now offering The Trade-In Mortgage powered by Calque. With The Trade-In Mortgage, a homebuyer can make a non-contingent offer as good as cash and backed by a purchase price guarantee from Calque. If the house does not sell within 90 to 150 days, depending...
Guaranteed Rate, the Chicago-based mortgage lender and digital financial services provider, has rebranded to become known simply as “Rate.” In a press statement, the company said “Rate” signifies “a unified brand across all products and services,...
Mortgage rates flirted with the 7% level again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of July 3, up from last week when it averaged 6.86%. A year ago at this time, it...
